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Larry Kudlow works to help the Biden administration support Europe's oil and gas and reduce Russia's dependence on "Hanity" for oil and gas. We talked about what we could do.
ADAMCAROLLA on the latest hypocrisy of GAVIN NEWSOM:'I don't believe anything he said'
LARRY KUDLOW :Yeah. It's a very strange story. So it's about the same. Not enough details. However, some of these strategic petroleum stockpiles were exported to Europe and then expanded into India, and perhapsChina, through thetrading companies. I don't know everything I need to know. I'm confused. You see, there's a few things here, Jason. Let's break this down. First, I don't know why we have to export strategic petroleum stockpiles. All we have to do is export LNG. all right. This is the key forto support Europe, especially to reduce its dependence on Russia's oil as well as Russia's gas. That's what we should do. But, as you know, neither leasing nor permitting has stopped it all. That is the most important point. Point 2. Oil is substitutable and does not really affect prices, whether it is here or abroad. It's the world market.
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